It was a quiet session (December corn contract volume was down 55 percent from the five-day average) in an early close before a long weekend as some profit was taken off the table, but there are still things to talk about.
Economists polled by Reuters ahead of today’s U.S. jobs report predicted a payroll increase of 3 million jobs in June; they were only off by 60 percent (+4.8 million). In a similar fashion, the average trade guess about Tuesday’s plantings report was a 2-million-acre reduction in corn and 1.8-million-acre increase in soybeans; they were only off by 177 percent and 75 percent, respectively. Do you see the pattern? Information markets based solely on opinion are highly dubious. USDA reports are the best...
Energy: Risk Over Rules Fighting between the United States and Iran over control of the Strait of Hormuz escalated overnight. Tehran accused U.S. forces of striking a residential area after U.S. Central Command said its second round of attacks in three days targeted Iranian radar systems and mi...
Key Takeaways: Paraguay typically ranks among the world’s largest soybean exporters, with roughly two-thirds of its production destined for export markets, although most shipments remain within South America. As a landlocked country, Paraguay relies heavily on the Paraguay-Paraná...
Russian Grain Markets: 24–28 August 2026 During the fourth week of August, the Russian grain market continued to slide, although the pace of the decline slowed. The immediate market reaction and collapse in export activity have placed significant pressure on farmers. Price declines vary b...
